Very often I’ve heard therapists expressing their frustration with credit card processing fees.
With payment processors like Square and Stripe taking a percentage of every transaction, at the end of the month, it can be a shock to see how much the service is costing you.
It makes sense to ask,
- “How can I pay less?”
- “Can I charge my clients extra for credit card processing fees?”
- “Ugh! Anyone else also paying exorbitant amounts every month in Stripe fees?”
And while it’s good to continually track expenses and cut costs when possible, it’s also good to charge enough to cover the critical services you need to operate.
My concern is that the latter often isn’t happening and therapists find themselves in constant distress to cover operating expenses.
So deep breath.
What happens if you step back and evaluate what is absolutely essential to your operations and make adjustments to the income you receive so that you’re comfortably able to cover expenses – AND still make a profit.
How would your practice, and life, change if you generated enough income not to worry about credit card processing fees?
(And instead of frustration, might you discover gratitude for the wonderful service you receive that allows you to do the work you do?)
Maybe the question isn’t, “How can I pay less?”
But rather, “Is this service critical to operating my business? And if so, what shifts need to happen so that I can easily and effortlessly afford it?”
Here’s to finding freedom, ease, flow.